News

The Market

More evidence that the Edinburgh market is entering a period of uncertainty. Of the properties listed by the Edinburgh Solicitors’ Property Centre at more than £500,000, 20% are now fixed prices. It could just be seasonal jitters on the part of sellers, but with two months to go before Christmas, it is hard to believe this is entirely driven by homeowners wanting to exchange contracts before the festive season.

More interesting still is the cut in price to one of the most expensive properties being marketed by FPDSavills. This Edinburgh house was initially marketed at “offers over £2m”. Now £1.75m is given as a “guide price”.